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It also did great as activity in its network rose as evidenced by the rising total value locked (TVL) in DeFi and NFT industry.Hedera Hashgraph (HBAR)Hedera Hashgraph is a smart contract platform that is at least 10 times faster than alternatives.
This performance happened even as the crisis in Ukraine escalated and the Fed started its hiking policy for the first time since 2018.HBAR has lagged its peer coins like Near Protocol and Algorand and there is a likelihood that it will keep rising as investors continue bargain hunting.Ethereum (ETH)Ethereum performed well in March as the networks merge happened in the Kiln network.
which was about 81% below the highest point in 2021 and 61% lower than the highest level in October.This performance happened as more developers moved to the network and its total value locked rose to an all-time high of over $4.
Analysts cited the strong performance of the Terra USD coin and its top DeFi platforms like Anchor Protocol and Lido as the reason for this performance
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